Allianz Malaysia's earnings up 60 % in first quarter

Allianz Malaysia Bhd. registered a 60% year-on-year increase in earnings to 86.2 million Malaysian ringgits ($26 million) for the first quarter of 2014, The Star reported.

The company's general insurance operations saw operating revenue rise 13% to MYR 529 million. Allianz said "the general business continues to enlarge its distribution network and its diversified product portfolio."